Delhi Hardware reported cost of goods sold as follows.

2013 Beginning inventory $ 20,000 Cost of goods purchased 150,000 Cost of goods available for sale 170,000 Ending inventory 30,000 Cost of goods sold $140,000 2014

$ 30,000 175,000 205,000 35,000

$170,000 Delhi made two errors: (1) 2013 ending inventory was overstated $2,000, and (2) 2014 ending inventory was understated $6,000.

Instructions Compute the correct cost of goods sold for each year.